Job Description, Responsibilities & Requirements
About the Position
Financial Operations Principal
Remote - America
Alpaca is a US-headquartered self-clearing broker-dealer and brokerage infrastructure for stocks, ETFs, options, crypto, fixed income, 24/5 trading, and more. Our recent Series D funding round brought our total investment to over $320 million, fueling our ambitious vision.
We're searching for passionate individuals eager to contribute to Alpaca's rapid growth. If you align with our core values-Stay Curious, Have Empathy, and Be Accountable-and are ready to make a significant impact, we encourage you to apply.
Responsibilities
Financial Oversight and Reporting
- Supervise and review and file FOCUS reports (Form X-17A-5) with FINRA and the SEC, typically monthly or quarterly.
- Monitor net capital levels to ensure the firm maintains the required minimum net capital at all times.
- Ensure timely filing of financial statements and supplemental reports, including annual audited financials.
- Oversee financial books and records, including general ledger, trial balance, and subsidiary ledgers.
Regulatory Compliance
- Interpret and apply SEC and FINRA rules, particularly SEC Rule 15c3-1 (Net Capital Rule) and 15c3-3 (Customer Protection).
- Ensure compliance with Rule 17a-3 and 17a-4 (recordkeeping requirements).
- Respond to regulatory inquiries and exams by FINRA, SEC, or other regulatory bodies.
Internal Controls and Risk Management
- Design and maintain adequate internal controls to safeguard customer and firm assets.
- Supervise systems to prevent and detect errors or fraud in financial reporting.
Operational Supervision
- Oversee clearing and settlement processes, especially for self-clearing or carrying firms.
- Monitor cash and securities movements to ensure compliance with custody rules.
- Supervise margin calculations and related risk exposure.
Audits and Liaison Work
- Coordinate the annual independent audit of the firm’s financials.
- Act as liaison to auditors, regulators, and clearing firms on financial and operational issues.
Strategic and Managerial Input
- Advise management on capital adequacy, financing strategies, and the financial impact of new business initiatives.
Requirements
- Bachelor’s degree in Accounting or Finance, CPA preferred.
- Must have active FINRA Series 27 license.
- 7+ years relevant experience, in self-clearing financial services preferred.
- Excellent data analysis and reporting skills.
- Strong attention to detail, accuracy, and reliability with the ability to thrive in a fast-paced environment and dedicated home office with minimal daily direction.
- Must possess the ability to adapt to a changing business and regulatory environment.
- Team-oriented with a desire to help and support other team members.
- Enjoys challenges and taking ownership of new responsibilities.
We Offer
- Competitive Salary & Stock Options
- Health Benefits
- New Hire Home-Office Setup: One-time USD $500
- Monthly Stipend: USD $150 per month via a Brex Card
About the Company
Alpaca is a leading fintech startup, serving hundreds of financial institutions across 40 countries with our institutional-grade APIs. Our global team is a diverse group of experienced engineers, traders, and brokerage professionals who are working to achieve our mission of opening financial services to everyone on the planet. We're deeply committed to open-source contributions and fostering a vibrant community, continuously enhancing our award-winning, developer-friendly API and the robust infrastructure behind it.
Alpaca is proudly backed by top-tier global investors, including Portage Ventures, Spark Capital, Tribe Capital, Social Leverage, Horizons Ventures, Unbound, SBI Group, Derayah Financial, Elefund, and Y Combinator.
Alpaca is proud to be an equal opportunity workplace dedicated to pursuing and hiring a diverse workforce.